Place CEO Damian Hackett said the property was sold in December after an extensive tender campaign.

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“There were six tenders received from both local and international buyers, and a subsequent negotiation process saw three of the parties vie for the right to be the new owner,” he said.

Mr Hackett said he wasn't surprised by the price tag.

River views a key selling point, say agents Photo: Supplied

“Many buyers aspire to live in waterfront properties - there is nothing akin to having beautiful views of the water to come home to at the end of the day,” he said.

“While these properties are sought after, they are in limited supply, and hence there is always pressure on prices.”

He said the Brisbane prestige property market witnessed a strong surge in December.

“The top end has performed better than we expected, particularly from a volumes perspective, and evidence of that improvement was the sale of four properties for more than $4 million each – including the Virginia Avenue sale - in just one week in December last year,” he said.

“As long as the stockmarket keeps performing 2014 will be positive for the higher end of the property market,” he said.